Richard N. Nottenburg - 09 Nov 2025 Form 4 Insider Report for Applied Digital Corp. (APLD)

Role
Director
Signature
/s/ Mark Chavez as Attorney-in-Fact
Issuer symbol
APLD
Transactions as of
09 Nov 2025
Net transactions value
$0
Form type
4
Filing time
10 Nov 2025, 21:09:41 UTC
Previous filing
31 Oct 2025
Next filing
26 Nov 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Nottenburg Richard N Director 3811 TURTLE CREEK BOULEVARD, SUITE 2100, DALLAS /s/ Mark Chavez as Attorney-in-Fact 10 Nov 2025 0001166816

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APLD Common Stock Award $0 +7,747 +3.1% $0.000000 256,984 09 Nov 2025 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSUs") granted on November 9, 2025 to non-employee directors for board service. The RSUs convert into shares of common stock of Applied Digital Corporation (the "Issuer") on a one-for-one basis, have no expiration date, and vest in full on November 5, 2026, subject to the Reporting Person's continued service through such date.
F2 Includes 28,606 RSUs granted on December 27, 2024 to non-employee directors for board service. The RSUs represent a contingent right to receive shares of common stock of the Issuer on a one-for-one basis, have no expiration date, and vest in full on November 20, 2025, subject to the Reporting Person's continued service through such date.
F3 Includes 200,000 shares of restricted stock granted to the Reporting Person on May 13, 2024 in connection with the Reporting Person's service as the Chairman of the board of directors of Applied Digital Cloud Corporation, a subsidiary of the Issuer. The shares of restricted stock vest as follows: 100,000 shares on May 13, 2026 (the second anniversary of the grant date) and 100,000 shares on May 13, 2027 (the third anniversary of the grant date), provided that the Reporting Person is a director of both the Issuer and Applied Digital Cloud Corporation on each such date.